Adnan Ahmed Yousef, Chairman and Chief Executive Officer of Al Baraka Bank Egypt said that the Egyptian economic is seeing stability and gradual improvement coupled with restored investor confidence.

This reflects positively on the banks, investment and economic environments, he added.

According to the top official, Al Baraka Bank has successfully achieved strong operating results during 2014, thanks to efforts of its executive management and workers.

The bank has managed to present itself as a high ranking Islamic bank in Egypt’s banking sector during a few years, as it provided fully-fledged and integrated services using topnotch technologies, which best suit the requirements of several social bands for Sharia-compliant products, Yousef said.

“In addition, the bank continued during 2014 its ambitious geographical expansion policy, bringing its branch network to 28 at the end of the year,” said the top official.

Al Baraka Egypt has posted 36.1% rise in FY14 net profit.

Photo Credit: Arabianeye-Reuters